期刊名称：International Journal of Business and Management
印刷版ISSN：1833-3850
电子版ISSN：1833-8119
出版年度：2009
卷号：4
期号：9
页码：121
DOI：10.5539/ijbm.v4n9p121
出版社：Canadian Center of Science and Education
摘要：Using a sample of 262 French firms over the period 1996-2000, we show that analysts who tend to move away from consensus and issue bold forecasts are more experienced, work for large brokerage houses, follow more firms. Bold analysts provide more precise forecasts than those who tend to herd. Thus, investors should use bold forecasts since they are more accurate and reflect more relevant information than herding forecasts.
